Gold price today : India Gold MCX April Futures are trading in the green on February 16, 2021 following positive trend seen in the international spot prices. Silver March Futures were trading higher by nearly 1 percent.
Analysis
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Gold Gains for Third Day on Weaker Dollar, U.S. Stimulus View
U.S. Stimulus : Gold climbed to a one-week high as the dollar and real U.S. Treasury yields declined, with investors weighing prospects for a fast-tracked stimulus package in the U.S.
Spot Gold Price : Keep Eye on $1758 as support – Neal Bhai
Gold Price Technical Forecast : Spot Gold Price Trading Tips : Keep Eye on $1758 as support. Above $1758 Target Price $1845.
Silver Strives to Break Above $29.86
Silver Prices Reports : Raising the margins investors must post to trade is a familiar move by CME, the world’s biggest futures and commodities-centric market, when it aims to head off unusual market stress and volatility.
Silver Finds Calmer Tone After Posting Biggest Drop Since August
Silver gained after the biggest loss since August, with markets calming following the buying frenzy that sent prices to an eight-year high earlier this week.
MCX Natural Gas and Crude Oil Tips Today Mint Money, WTI in 2021 highs, looks to $60.00
- WTI stays positive while flirting with February 2020 top.
- Overbought RSI conditions probe bullish chart formation around nearby resistance.
- 21-day SMA, channel support close adjacent doors for seller’s entry.
- Headlines from OPEC meeting will be the key to follow.
Spot Gold Prices Struggles, Above $1875 Target $1900—$1960
- Gold prices struggled to capitalize on its intraday positive move beyond the $1875 area.
- Neutral technical indicators on the daily chart warrant caution for bullish traders.
- The formation of an ascending triangle supports prospects for additional gains.